It’s no secret that finding the perfect flat for rent, especially in a bustling city like Gurgaon, can feel like navigating a maze. You may have a plethora of questions buzzing in your head. Where should you look? What’s a reasonable budget? Which locations are the most promising? Fear not, this guide is here to dispel your doubts and provide essential tips to make your flat-hunting journey smoother.
Let’s dive into the top ten considerations for finding your ideal rental flat in Gurgaon.
1. Decide your Budget
Before diving headfirst into the rental market of Gurgaon, it’s imperative to take a hard look at your finances and decide on a budget. This is the first, and potentially most important, step when looking for a flat for rent.
Consider your Income
As a general rule of thumb, your rent should not exceed 30% of your monthly income. So, if you’re earning INR 1,00,000 per month, try to find a flat that costs no more than INR 30,000 per month. This might sound limiting, but it will ensure you have enough left for other expenses. Rent in Gurgaon varies quite a bit based on area and amenities, so you are sure to find something within your budget.
Factor in the Additional Costs
Remember, the rental price isn’t the only expense. There are utility bills, society maintenance charges, and possibly a car parking fee. Make sure you inquire about these additional costs when considering a flat, as they can significantly impact your budget.
Prepare for the Security Deposit
In Gurgaon, it’s standard practice for landlords to ask for a security deposit equivalent to 2-3 months’ rent. This is a significant upfront cost that you need to factor into your budget. It’s refundable, but it’s a considerable amount of money to have on hand when you move in.
The rental market in Gurgaon has seen a 10-15% increase in prices in recent years.
The Economic Times
Bake in the Brokerage
Whether you’re a seasoned renter or a first-timer, the term ‘brokerage’ is likely to be familiar. However, in Gurgaon, the brokerage fees can be a game-changer. It’s often a significant percentage of the rental cost (between 25-50%), so it’s crucial to factor this into your budget right from the start.
Never feel pressured into sealing the deal too soon. Take your time to negotiate with the broker. Remember, everything in real estate is negotiable, even the broker’s fee. A little bit of haggling might just save you a substantial amount.
It’s also worth noting that some localities in Gurgaon have brokers who don’t charge any commission from tenants. So, with a bit of research and patience, you may be able to bypass this cost entirely. Don’t forget to keep this point in mind during your search for the perfect flat for rent.
2. Decide on the Type of Property You Want to Rent
The next step is to decide the type of flat you’d like to rent. This is a fundamental question to ask before you start scrolling through listings. Your choice will significantly impact your living experience as well as your monthly budget.
Perhaps you’re eyeing a compact studio flat, perfect for a single individual focusing on their career. Or maybe a one or two-bedroom apartment is more your style, providing a bit more space to stretch out in. Some individuals even opt for a shared flat, splitting the rent with other like-minded people for a more social living experience.
Each type of property has its own pros and cons. Studios are generally cheaper and easier to maintain, but they can feel a bit cramped. Larger apartments offer more space and comfort, but they also come with higher rent and utility bills. Shared flats provide companionship and shared costs, but they also require you to adjust with others’ habits and schedules.
Here’s a quick comparison to help you decide:
| Property Type | Pros | Cons |
|---|---|---|
| Studio Flat | Cheaper, Easy to maintain, Lower rent | Can feel cramped |
| 1 BHK or 2 BHK (Bedroom, Hall, Kitchen) | More space, More comfort | Higher rent and utility bills |
| Shared Flat | Shared costs, Social environment | Requires adjustment with others |
Remember, there’s no right or wrong choice here. It all depends on your personal needs, lifestyle, and budget. So weigh your options carefully, and choose the type of property that will make your stay in Gurgaon a pleasant one.
The rental market in Gurgaon is highly competitive, with many properties being rented out within a few days of being listed.
Bloomberg
3. Identify the Amenities You Need
The next step is to figure out which amenities are crucial for you. Everyone’s personal needs and wants differ, so consider your lifestyle and daily routines. Is a fully-equipped kitchen a must-have, or do you prefer takeaways and eating out? Do you need a dedicated workspace or a gym in the building? A clear list of necessities will streamline your search by a significant amount. Here are some amenities that are must haves for most renters:
- Power Back Up (100%)
- Lift (Passenger + Service/Goods Lift)
- Security
- Park
- Intercom Facility
- Maintenance Staff
- Parking space
- Piped gas
- Proximity to the metro, malls, hospitals, schools, offices etc.
People also look for additional amenities like a swimming pool, gym, guest parking, tennis courts, jogging tracks, event spaces, restaurants, shopping complexes, etc.
4. Considering the Aspect of Furnishings
When searching for a flat in Gurgaon, furnishings are a crucial factor to consider. Your comfort and convenience directly hinge on this aspect. Let’s delve into the details.
Type of Furnishing
Flats typically come in three variants: furnished, semi-furnished, and unfurnished.
A furnished flat is equipped with furniture, kitchen appliances, air conditioners, and sometimes even decor.
Semi-furnished flats usually have the basics like cupboards and air conditioners.
On the other hand, an unfurnished flat is a blank canvas for you to fill. This is best for people who want to bring their own furniture and fittings.
Decide which suits your lifestyle and budget best.
Quality of Furniture
It’s not just about having furniture, but the quality matters too. Are the sofa and bed comfortable? Are the appliances in good working condition?
Always check the quality and condition of the furnishings during your visit. If they aren’t up to your standards, it’s wise to negotiate or reconsider.
Furnishing Costs
Remember, the cost of renting a furnished flat is generally higher than an unfurnished one. It’s essential to calculate if the convenience outweighs the extra bucks you’d be shelling out monthly. If you’re planning to stay for a long time, it might be more economical to buy your own furniture. You can also consider renting furniture.
5. Pick Your Ideal Neighbourhoods
When it comes to house-hunting in Gurgaon, location is key. The city is diverse and each neighbourhood has its own pros and cons. Consider the proximity to your workplace, public transportation, safety, and the ambience of the neighbourhood before making a decision.
Don’t forget to think about the lifestyle you prefer – bustling city centre or quiet suburbia? Some popular residential areas in Gurgaon include MG Road, Golf Course Road, Golf Course Extension Road, Nirvana Country, DLF Phase 1 to 5, Sushant Lok, and Sector 54 to 57.
Research and Decide
The first step in this process is to research different neighbourhoods. Gurgaon is home to various residential areas like DLF City, Sushant Lok, Nirvana Country, Badshahpur and Palam Vihar, each offering distinct advantages.
Do some groundwork and find out what amenities are available in these areas, like shopping malls, parks, hospitals, and restaurants. It’s always beneficial to visit the areas in person to get a real feel for the place.
Commute Considerations
Next, consider your daily commute. If you’re working in one of Gurgaon’s many corporate offices, you’ll want to choose a flat that minimises your travel time.
Check the connectivity of the areas you’re considering to major roads, metro stations, and bus stops. And don’t forget to factor in Gurgaon’s infamous traffic during peak hours!
Security
Security should be at the top of your list when choosing a flat for rent in Gurgaon. Check the crime rates in the areas you’re interested in and ask friends and colleagues about their experiences. You can also look into the presence of gated communities, security services, and nearby police stations.
Access to Emergency Services
Consider the proximity of emergency services. Check out the nearby hospitals, fire stations, and police stations. Hospitals like Medanta, Artemis, and Fortis, are renowned healthcare providers in Gurgaon. It will serve you well to have one close by.
6. Researching Properties
Once you have your requirements sorted, it’s time to start researching flats in Gurgaon.
Start by scouring property portals like Magic Bricks, 99acres, and No Broker to get a sense of what’s on the market. You can also connect with local real estate agents and use social media groups to gather information about available flats for rent in Gurgaon.
By casting a wide net, you increase your chances of finding a property that aligns perfectly with your needs.
Take note of each property’s key features, like its proximity to workplaces, local amenities, and transport links. This will help you to make an informed decision later on. (Maintaining an Excel spreadsheet of your research is highly recommended!).
Understanding the Role of Real Estate Agents
Real estate agents are people who act as a mediator between the tenant and the landlord in the process of renting a property. These agents have an in-depth knowledge of the market and available properties in Gurgaon. They can help you shortlist potential flats for rent based on your preferences and budget. They also negotiate rental agreements, ensuring you get the fairest deal possible.
While their expertise can be invaluable, it’s essential to ensure you’re dealing with a reputed agent. Some overcharge their clients or push them towards expensive properties for higher commissions, so do thorough research before choosing an agent.
The easiest way to find a reliable agent is to ask others for references. In any case, never rely 100% on the agents’ advice, always use your own judgment and feel free to say no when something doesn’t work for you.
Inspecting the Property
Never finalise a rental agreement without inspecting the property first.
- Look for signs of damp or infestation.
- Check the condition of the fixtures and fittings.
- Make sure the flat is secure.
- If you’re particular about sunlight, check the direction of balconies and placement of windows.
- Consider the flat’s ventilation.
- Check the security gates and approach roads.
- Observe if the grounds are clean and well maintained.
- If you need wheelchair access, inspect the entrance and surrounding area.
- Ask if any repairs are planned and whether they will affect your usage of the flat.
- If possible, speak to current tenants or neighbours to get a sense of the property’s pros and cons.
- Check for pets and guest policies, if applicable.
- Talk to neighbours and other flat residents about their living experience.
- Check Internet connectivity (a very important detail for those who work from home!).
Get to Know Your Landlord
A good landlord-tenant relationship can make your stay in the flat much more enjoyable. Try to get a sense of your landlord’s temperament and their expectations from you as a tenant. This can prevent potential conflicts down the line. Remember to ask where your landlord stays and works.
Assess Your Privacy
Last but not least, consider your privacy. Do other buildings overlook the flat? Are there too many shared walls? These might seem like minor factors, but they can greatly affect your comfort and satisfaction with the flat.
7. Negotiating Rent and Security Deposit
When it comes to renting a flat for rent in Gurgaon, a significant aspect to consider is the negotiation of rent and security deposit. It’s a dance as old as time, where the landlord sets the starting price and the potential tenant counters with a lower offer. But don’t worry, we’ve got some savvy tips to help you navigate this dance floor.
First, do your homework. Research the local rental market, look at what similar properties are renting for, and set your budget accordingly. Understand the typical rent range for the area and type of property. This will give you a solid base for negotiation. Don’t forget to factor in the cost of utilities, maintenance, and potential rent increases.
For reference, the average rent of a studio apartment on Golf Course Extension road in 2023 is between 15000-35000 p.m. The rent of a 2 BHK apartment is between 25000-45000. This can vary drastically based on the area and amenities.
Next, consider the security deposit. This can be a significant amount, usually equivalent to a month or two’s rent. It’s important to understand the conditions for refund of this deposit when you leave. Don’t shy away from discussing these terms upfront with your potential landlord.
When negotiating, don’t be afraid to ask for a lower rent. Justify your request with the research you’ve done. If the landlord isn’t willing to budge on the rent, see if you can negotiate on other aspects, such as the deposit or lease terms. Remember, everything is potentially negotiable.
Finally, be prepared to walk away. If the landlord is not willing to negotiate to a level you’re comfortable with, there will be other options. You don’t have to settle for the first flat you see!
8. Understanding Lease Agreements and Tenancy Terms
As a tenant in Gurgaon, your lease agreement is your most valuable document. It protects you and your landlord, outlining responsibilities and rights for both parties. But before you sign on the dotted line, there’s a lot to understand.
Know the Basics
Lease agreements vary, but they should all mention the basics:
- Duration of the lease (usually 11 months).
- Monthly rent
- Security deposit
- Property details and
- Maintenance responsibilities
It’s crucial to read and understand every clause. If something is unclear, consider getting legal advice. Never sign an agreement you don’t fully understand.
Watch for Hidden Costs
Some leases might include hidden costs. Look for clauses on late rent fees, maintenance costs, or charges for minor damages. Make sure you’re aware of all potential charges before you commit. If you’re unsure, ask for clarification.
Terms of Termination
Understanding the terms of termination is as vital as knowing the rent. What happens if you need to move out early? Or if the landlord wants to end the lease prematurely? The agreement should detail these scenarios explicitly. If unsure, ask a friend to read the document before you sign it.
Prepare the Required Documentation for Renting
Collection and preparation of all necessary documents is another important step in the process of creating the lease agreement.
You’ll be required to provide proofs of your identity and current residence. These could include your passport, Aadhaar card, driving licence, or voter’s ID for identity proof. For residence proof, you might need to submit a utility bill, bank statement, or rent agreement of your current place (if not Aadhaar).
Be sure to ask for the Landlord’s ID proof and PAN Card as well, as you will need these for filing taxes and verifying their identity.
Income Proof
Though not common, some Landlords and agencies in Gurgaon might require proof of income. This is to ensure that you are capable of affording the rent. You may be asked for your latest salary slip, tax return documents, or a letter from your employer stating your current salary.
9. Preparing for the Move-in Day
Whether you’re moving from a different city or switching localities within Gurgaon, preparation is key for a seamless move-in day. Here are some crucial points to consider.
Start with the essentials
Before rushing to unpack everything, first ensure your basic utilities are in place (start from the kitchen). Double-check the water supply, electricity, and Wi-Fi connection. Make sure you’ve switched the gas connection to your name so that you’re ready to prepare home-cooked meals (or at least chai!).
Home Inspection
On the move-in day, it’s important to inspect the flat thoroughly. Look for any signs of mould, pest infestations, or maintenance issues. If any problems are spotted, report them to the landlord immediately so that they can get them fixed. Remember, after moving in, most tenants are expected to take care for minor maintenance at their expense, so this step is crucial.
Establish a friendly relationship with your neighbours
Your neighbours can be a valuable source of local knowledge. Introduce yourself and establish a cordial relationship. They can help familiarise you with the local stores, eateries, and even the idiosyncrasies of the building. If there’s a society Whatsapp group, ask your neighbours to have you added to it, so that you can keep up with important updates about the society.
Key management
Upon moving in, make sure you have a set of spare keys. It’s always a good idea to have a backup in case you misplace your primary set. You could consider leaving your spare set with a trusted neighbour or friend.
Safety first
Double-check all locks, window latches, and security systems to ensure they’re in working order. If anything seems faulty, report it to your landlord immediately. Safety should always be your priority.
Familiarise yourself with the area
Take the time to explore your new neighbourhood. Locate the nearest grocery store, hospital, pharmacy, and other essential amenities. Understanding your surroundings will make your transition smoother and more comfortable.
Understand your landlord’s rules
Every landlord has their own set of rules. Whether it’s about late-night noise, guests, or waste disposal, make sure you’re well-versed with what is acceptable and what isn’t.
Update your address
Last but not least, update your new address on all important documents. This includes your Aadhaar Card, driver’s license, and bank accounts. Delaying this can cause unnecessary complications later on.
Conclusion
Relocating to a new place can indeed feel like an uphill battle. However, with a well-crafted plan and a dash of optimism, you can transform this daunting task into an exciting journey. Start your planning early, giving yourself ample time to explore and discover a flat for rent in Gurgaon that you can truly call your home.
Welcome to your new home in Gurgaon!